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Russian Energy Ministry Submits Criteria for Oil Product Exporters

OIL PRODUCTS

The Russian Energy Ministry has submitted proposal criteria for compiling a list of oil product exports in a bid to clamp down on gray exports, according to Interfax.

  • "Currently, two options are being considered to prevent gray exports - a list of exporters of petroleum products or export licensing. We have submitted proposals to the government on the basic criteria on which a list of exporters might be formed," Energy Minister Nikolai Shulginov said.
  • According to Interfax, the Energy Ministry's criteria for special exporters includes the amount of crude refining or amount of paid taxes.
  • The Energy Ministry had previously suggested a list of exporters, but the Economic Development Ministry suggested exports be licensed.
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